Toronto craft beer company Amsterdam Brewery sold to Denmark’s Royal Unibrew

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Royal Unibrew buying Toronto-based Amsterdam Brewery for $44 million

Amsterdam Brewery, one of Toronto’s oldest craft breweries, is being sold to Denmark’s Royal Unibrew in a deal valued at $44 million.

Neither Carefoote nor Royal Unibrew would comment on exactly how much of the transaction is in cash, versus a takeover of Amsterdam debt. The deal is for 100 per cent of the company. “We will service the market much better and thereby protect ourselves against out of stock and transport congestions which have increased significantly the last 18 months. Further, we will free up capacity on our current facilities in Denmark,” said Royal Unibrew CEO Lars Jensen.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It’s been a fun ride, time to find another craft beer. 😢

The interest rate for our loan is 2% and the minimum amount I give in the form of a loan is €5,000 and the maximum amount is €10,000,000.If you are interested in obtaining financial assistance without fear , worry-free and safe; contact me today on my email: Agricolecredit527

I hope they are not getting rid of Space Invader beer after this acquisition. Seems like a good company for amsterdambeer: Faxe, LapinKulta, Kalnapilis...

😢😢

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines